ADANIPORTS
ADANI PORT & SEZ LTD
Max pain for ADANIPORTS
02 Jul 2024 10:30 AM IST
Max Pain for ADANIPORTS is 1480
Strike 1000 has a total call value of 0 versus a total put value of 277,482,400,000 Combined total value = 277,482,400,000
Strike 1020 has a total call value of 0 versus a total put value of 262,364,800,000 Combined total value = 262,364,800,000
Strike 1040 has a total call value of 0 versus a total put value of 247,247,200,000 Combined total value = 247,247,200,000
Strike 1060 has a total call value of 0 versus a total put value of 232,129,600,000 Combined total value = 232,129,600,000
Strike 1080 has a total call value of 0 versus a total put value of 217,012,000,000 Combined total value = 217,012,000,000
Strike 1100 has a total call value of 0 versus a total put value of 201,894,400,000 Combined total value = 201,894,400,000
Strike 1120 has a total call value of 0 versus a total put value of 186,859,200,000 Combined total value = 186,859,200,000
Strike 1140 has a total call value of 0 versus a total put value of 171,922,400,000 Combined total value = 171,922,400,000
Strike 1160 has a total call value of 0 versus a total put value of 156,985,600,000 Combined total value = 156,985,600,000
Strike 1180 has a total call value of 0 versus a total put value of 142,048,800,000 Combined total value = 142,048,800,000
Strike 1200 has a total call value of 0 versus a total put value of 127,112,000,000 Combined total value = 127,112,000,000
Strike 1220 has a total call value of 0 versus a total put value of 115,070,400,000 Combined total value = 115,070,400,000
Strike 1240 has a total call value of 0 versus a total put value of 103,028,800,000 Combined total value = 103,028,800,000
Strike 1260 has a total call value of 0 versus a total put value of 90,987,200,000 Combined total value = 90,987,200,000
Strike 1280 has a total call value of 0 versus a total put value of 79,076,800,000 Combined total value = 79,076,800,000
Strike 1300 has a total call value of 0 versus a total put value of 67,284,800,000 Combined total value = 67,284,800,000
Strike 1320 has a total call value of 215,200,000 versus a total put value of 57,492,800,000 Combined total value = 57,708,000,000
Strike 1340 has a total call value of 430,400,000 versus a total put value of 47,942,400,000 Combined total value = 48,372,800,000
Strike 1360 has a total call value of 697,600,000 versus a total put value of 38,614,400,000 Combined total value = 39,312,000,000
Strike 1380 has a total call value of 1,008,800,000 versus a total put value of 30,242,400,000 Combined total value = 31,251,200,000
Strike 1400 has a total call value of 1,408,800,000 versus a total put value of 22,584,000,000 Combined total value = 23,992,800,000
Strike 1420 has a total call value of 2,537,600,000 versus a total put value of 17,679,200,000 Combined total value = 20,216,800,000
Strike 1440 has a total call value of 3,706,400,000 versus a total put value of 13,164,800,000 Combined total value = 16,871,200,000
Strike 1460 has a total call value of 5,660,800,000 versus a total put value of 9,106,400,000 Combined total value = 14,767,200,000
Strike 1480 has a total call value of 8,622,400,000 versus a total put value of 5,840,800,000 Combined total value = 14,463,200,000
Strike 1500 has a total call value of 13,012,800,000 versus a total put value of 3,314,400,000 Combined total value = 16,327,200,000
Strike 1520 has a total call value of 21,370,400,000 versus a total put value of 2,445,600,000 Combined total value = 23,816,000,000
Strike 1540 has a total call value of 30,748,000,000 versus a total put value of 1,738,400,000 Combined total value = 32,486,400,000
Strike 1560 has a total call value of 40,655,200,000 versus a total put value of 1,144,000,000 Combined total value = 41,799,200,000
Strike 1580 has a total call value of 51,581,600,000 versus a total put value of 675,200,000 Combined total value = 52,256,800,000
Strike 1600 has a total call value of 62,976,000,000 versus a total put value of 267,200,000 Combined total value = 63,243,200,000
Strike 1620 has a total call value of 78,975,200,000 versus a total put value of 148,800,000 Combined total value = 79,124,000,000
Strike 1640 has a total call value of 95,140,000,000 versus a total put value of 39,200,000 Combined total value = 95,179,200,000
Strike 1660 has a total call value of 111,604,800,000 versus a total put value of 0 Combined total value = 111,604,800,000
Strike 1680 has a total call value of 128,259,200,000 versus a total put value of 0 Combined total value = 128,259,200,000
Strike 1700 has a total call value of 145,106,400,000 versus a total put value of 0 Combined total value = 145,106,400,000
Strike 1720 has a total call value of 162,862,400,000 versus a total put value of 0 Combined total value = 162,862,400,000
Strike 1740 has a total call value of 180,663,200,000 versus a total put value of 0 Combined total value = 180,663,200,000
Strike 1760 has a total call value of 198,533,600,000 versus a total put value of 0 Combined total value = 198,533,600,000
Strike 1780 has a total call value of 216,604,800,000 versus a total put value of 0 Combined total value = 216,604,800,000
Strike 1800 has a total call value of 234,676,000,000 versus a total put value of 0 Combined total value = 234,676,000,000
What is Max Pain?
Max pain, or the max pain price, is the strike price with the most open contract puts and calls - and the price at which the stock would cause financial losses for the largest number of option holders at expiration.
Calculating Max Pain
Max pain is a simple but time consuming calculation. Essentially, it is the sum of the outstanding put and call dollar value of each in-the-money strike price. For each in-the-money strike price for both puts and calls:
- Find the difference between stock price and strike price
- Multiply the result by open interest at that strike
- Add together the dollar value for the put and call at that strike
- Repeat for each strike price
- Find the highest value strike price. This price is equivalent to max pain price.
How can a trader benefit?
As the option expiration approaches, option writers will try to buy or sell shares of stock to drive the price toward a closing price that is profitable for them, or at least to hedge their payouts to option holders. Call writers sell shares to drive share price down and Put holders buy shares to drive share price up. The max pain strike price exists somewhere in the middle.